iShares lists new ETFs in the SIC and expects more international exposure by Afores

BlackRock has USD8,000 billion in assets under management through cross-listed iShares in the SIC. Pension funds managed by Afores are still the largest investor.

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Before Afores can invest in mutual funds the regulations need surgery

The regulations on mutual fund operations and Afores investments in Mexico do not match, which means there is no viable possibility of investing in these vehicles.

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Criteria for contracting managers fine tuned

The Risk Review Committee issued a document clarifying the criteria for contracts between afores and managers in Mexico which makes the system viable.

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